Denmark Grants $20 Billion in Tax Breaks to Firms Hit by Virus

Denmark’s government will grant tax breaks to businesses affected by the coronavirus as part of a series of measures worth $20 billion.

Large businesses will be given an additional 30 days to pay value added tax, while all companies will be granted four additional months to pay their labor contributions. The government is also lifting the ceiling on businesses’ tax accounts, so that corporations can avoid paying the negative interest rates they are charged when placing cash in the bank.

“The government will use the necessary tools to support the Danish economy, Danish companies and Danish employees,” said Finance Minister ...